IIA-CFSA Exam Topics
IIA-CFSA Exam Overview :
| Exam Name: | Certified Financial Services Auditor |
| Exam Code: | IIA-CFSA |
| Certifications: | IIA CFSA-IIA Certification |
| Actual Exam Duration: | 120 minutes |
| Expected no. of Questions in Actual Exam: | 115 |
| See Expected Questions: | IIA IIA-CFSA Expected Questions in Actual Exam |
IIA-CFSA Exam Objectives :
| Section | Objectives |
|---|---|
| Financial Services Environment | In this exam section, financial services professionals, internal auditors, and risk management specialists will be tested on their understanding of the financial services industry landscape. This includes knowledge of various financial institutions such as banks, insurance companies, and investment firms. Candidates will need to demonstrate familiarity with regulatory bodies overseeing the financial services sector, key legislation affecting the industry, and current trends shaping financial services operations. |
| Risk Management in Financial Services | In this exam domain, risk managers, compliance officers, and auditors will be tested on skills regarding comprehensive risk management in financial institutions. This covers identifying, assessing, and mitigating various types of risks including credit risk, market risk, operational risk, and liquidity risk. Candidates will need to show proficiency in risk measurement techniques, risk reporting, and the implementation of risk management frameworks specific to financial services organizations. |
| Financial Services Products and Processes | In this exam part, financial analysts, product managers, and auditors in the financial sector will be tested on their knowledge of various financial products and services. This includes understanding the characteristics, risks, and regulatory requirements associated with products such as loans, deposits, investments, insurance policies, and derivative instruments. The section will also cover key processes in financial institutions, including underwriting, claims processing, and investment management. |
| Information Technology in Financial Services | In this exam section, IT auditors, cybersecurity specialists, and financial technology professionals will be tested on skills regarding the role of technology in financial services. This includes understanding core banking systems, payment processing technologies, and digital banking platforms. Candidates will need to demonstrate knowledge of IT governance frameworks, cybersecurity measures for financial institutions, and the audit of information systems in a financial services context. |
| Corporate Governance and Ethics | In this exam domain, compliance officers, board members, and senior auditors will be tested on their understanding of corporate governance principles in financial institutions. This covers the roles and responsibilities of boards of directors, management, and audit committees. Candidates will need to show knowledge of ethical standards in financial services, including codes of conduct, conflict of interest policies, and whistleblowing procedures. |
| Financial Services Regulations and Compliance | In this exam part, compliance managers, legal professionals, and regulatory affairs specialists will be tested on skills regarding key regulations affecting the financial services industry. This includes in-depth knowledge of laws such as the Bank Secrecy Act, Anti-Money Laundering regulations, and the Dodd-Frank Act. Candidates will need to demonstrate understanding of compliance programs, regulatory reporting requirements, and the impact of international regulations on financial institutions. |
| Official Information | https://na.theiia.org/certification/CFSA-Certification/Pages/CFSA-Certification.aspx |
Updates in the IIA-CFSA Exam Topics:
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